The Impact of Jeollanam-do’s Startup Support Program and Managerial Characteristics on Successful Startups

Abstract

This study analyzed the effect of the start-up support program in Jeollanam-do on successful entrepreneurship and the characteristics of managers on their relationship. To this end, the relationship between variables was verified based on data from 200 small business founders in Jeollanam-do. As a result of the study, the factor that has the highest influence on successful entrepreneurship in the start-up support program was education support, followed by funding. It can be predicted that successful entrepreneurship may increase as education support and funding increase in the start-up support program. In addition, in terms of the mediating effect, it was found that the manager's initiative and competency were significant for the start-up support program. In the results of the analysis of differences according to the educational support of the founder, it was confirmed that there were statistical differences in the manager's initiative, the manager's competency, and successful entrepreneurship. The implications were that, unlike previous papers, educational support and initiative were derived as meaningful results for successful entrepreneurship.